Cliff Asness AQR Capital Management
Cliff Asness is a co-founder of AQR Capital Management, a leading quantitative investment firm spanning equities, alternatives, and factor strategies. He is known for academic-informed research on value, momentum, and other systematic premia, as well as candid market commentary. Asness’s work bridges academic finance and large-scale institutional portfolio management.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$1.58B |
| 2 |
NVIDIA
NVDA
|
+$1.08B |
| 3 |
Costco
COST
|
+$680M |
| 4 |
Booking.com
BKNG
|
+$647M |
| 5 |
Broadcom
AVGO
|
+$559M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Atlassian
TEAM
|
+$355M |
| 2 |
Walmart Inc
WMT
|
+$348M |
| 3 |
Zoom
ZM
|
+$321M |
| 4 |
Merck
MRK
|
+$303M |
| 5 |
Lyft
LYFT
|
+$250M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.29% |
| 2 | Financials | 14.55% |
| 3 | Industrials | 13.75% |
| 4 | Consumer Discretionary | 11.6% |
| 5 | Healthcare | 11.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FITB
951
Fifth Third Bancorp
FITB
$49.8B
| $24.3M | 0.01% |
537,463
-628,471
| -54% | -$31M |
|
952
LKQ Corp
LKQ
$6.51B
| $24.3M | 0.01% |
839,081
+212,493
| +34% | +$6.82M |
|
953
Nabors Industries
NBR
$1.31B
| $24.3M | 0.01% |
282,614
+229,915
| +436% | +$16.7M |
|
954
Yeti Holdings
YETI
$3.14B
| $24.2M | 0.01% |
665,168
+46,553
| +8% | +$2.05M |
|
955
DT Midstream
DTM
$12.8B
| $24.2M | 0.01% |
179,461
+40,126
| +29% | +$5.23M |
|
956
ON Semiconductor
ON
$28B
| $24.1M | 0.01% |
408,486
+186,063
| +84% | +$11.7M |
|
957
Camden Property Trust
CPT
$11B
| $24.1M | 0.01% |
247,064
-162,179
| -40% | -$17.2M |
|
958
KB Home
KBH
$3.41B
| $24.1M | 0.01% |
470,524
-303,258
| -39% | -$17.8M |
|
959
iShares Core MSCI Emerging Markets ETF
IEMG
$158B
| $24M | 0.01% |
343,722
+118,415
| +53% | +$8.55M |
|
960
Vicor
VICR
$8.76B
| $23.9M | 0.01% |
148,309
+66,690
| +82% | +$11M |
|
961
Bloom Energy
BE
$60.1B
| $23.9M | 0.01% |
184,657
+56,509
| +44% | +$8.29M |
|
962
Tractor Supply
TSCO
$18.7B
| $23.9M | 0.01% |
526,784
+317,218
| +151% | +$16.2M |
|
963
Varonis Systems
VRNS
$4.72B
| $23.9M | 0.01% |
1,111,425
+612,864
| +123% | +$16.6M |
|
964
State Street Technology Select Sector SPDR ETF
XLK
$117B
| $23.8M | 0.01% |
179,085
+74,176
| +71% | +$10.5M |
|
965
Goldman Sachs ActiveBeta International Equity ETF
GSIE
$6.14B
| $23.8M | 0.01% |
551,317
+7,959
| +1% | +$354K |
|
966
Toast
TOST
$21.2B
| $23.7M | 0.01% |
901,879
+647,535
| +255% | +$19.3M |
|
967
Vanguard Russell 1000 ETF
VONE
$8.58B
| $23.6M | 0.01% |
79,941
+31,136
| +64% | +$9.6M |
|
968
Ares Management
ARES
$31.6B
| $23.6M | 0.01% |
216,135
+144,674
| +202% | +$19.2M |
|
969
Millicom
TIGO
$15.6B
| $23.6M | 0.01% |
314,619
-91,825
| -23% | -$6.02M |
|
970
Glacier Bancorp
GBCI
$6.09B
| $23.4M | 0.01% |
528,492
+17,084
| +3% | +$809K |
|
971
Hormel Foods
HRL
$13.3B
| $23.4M | 0.01% |
1,032,718
+616,474
| +148% | +$14.7M |
|
972
Brink's
BCO
$4.65B
| $23.3M | 0.01% |
225,118
-18,318
| -8% | -$2.2M |
|
973
Cimpress
CMPR
$2.13B
| $23.3M | 0.01% |
319,369
-14,204
| -4% | -$1.05M |
|
974
PTC Therapeutics
PTCT
$5.93B
| $23.3M | 0.01% |
342,106
+179
| +0.1% | +$12.7K |
|
975
Rayonier
RYN
$6.31B
| $23.3M | 0.01% |
1,129,986
-518,215
| -31% | -$11.4M |
|
Similar funds
Cliff Asness's Q1 2026 Portfolio in Review
As of Q1 2026, Cliff Asness held 3,840 positions worth $218B, up 15% from $191B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Cliff Asness deployed $35.3B of net new capital in Q1 2026, opening 278 new positions and adding to 2,380 existing holdings. Its largest new stake was Versant Media Group: 5,801,568 shares worth $211M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, down from 23% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was Atlassian, an estimated $355M trimmed.
- Cliff Asness's largest Q1 2026 buy was Versant Media Group: 5,801,568 shares worth $211M.
- Cliff Asness added most to Microsoft in Q1 2026, an estimated $1.58B increase.
- Cliff Asness's biggest Q1 2026 reduction was Atlassian, cutting an estimated $355M.
- Cliff Asness fully exited Exact Sciences in Q1 2026, selling an estimated $226M.
- Cliff Asness's ten largest holdings make up 11% of its $218B portfolio in Q1 2026.
- Cliff Asness opened 278 new positions and closed 101 in Q1 2026.
- Cliff Asness's portfolio value rose 15% quarter-over-quarter to $218B.
Based on AQR Capital Management's 13F filing for Q1 2026, filed 15 May 2026.